| 1 | 1 | | By: Paxton S.B. No. 1722 |
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| 2 | 2 | | |
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| 3 | 3 | | |
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| 4 | 4 | | A BILL TO BE ENTITLED |
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| 5 | 5 | | AN ACT |
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| 6 | 6 | | relating to instructional facilities funding for certain |
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| 7 | 7 | | open-enrollment charter schools. |
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| 8 | 8 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 9 | 9 | | SECTION 1. Section 12.106(d), Education Code, is amended to |
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| 10 | 10 | | read as follows: |
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| 11 | 11 | | (d) Subject to Subsection (e), in addition to other amounts |
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| 12 | 12 | | provided by this section, a charter holder is entitled to receive, |
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| 13 | 13 | | for the open-enrollment charter school, funding per student in |
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| 14 | 14 | | average daily attendance in an amount equal to the guaranteed level |
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| 15 | 15 | | of state and local funds per student per cent of tax effort under |
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| 16 | 16 | | Section 46.032(a) multiplied by the lesser of: |
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| 17 | 17 | | (1) the state average interest and sinking fund tax |
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| 18 | 18 | | rate imposed by school districts for the current year; or |
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| 19 | 19 | | (2) a rate that would result in a total amount to |
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| 20 | 20 | | which charter schools are entitled under this subsection for the |
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| 21 | 21 | | current year equal to $60 million $90 million. |
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| 22 | 22 | | SECTION 2. This Act takes effect September 1, 2023. |
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